Suzano S.A. (NYSE:SUZ) Holdings Lowered by Brandes Investment Partners LP

Brandes Investment Partners LP cut its stake in Suzano S.A. (NYSE:SUZ) by 9.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,876 shares of the company’s stock after selling 11,570 shares during the period. Brandes Investment Partners LP’s holdings in Suzano were worth $1,115,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SUZ. PNC Financial Services Group Inc. boosted its stake in Suzano by 16.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,798 shares of the company’s stock valued at $100,000 after purchasing an additional 1,222 shares in the last quarter. Caprock Group LLC acquired a new position in Suzano during the second quarter worth about $103,000. Choreo LLC bought a new stake in Suzano in the second quarter worth about $128,000. Ballentine Partners LLC acquired a new stake in Suzano in the 1st quarter valued at about $154,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Suzano during the 1st quarter valued at about $183,000. Institutional investors and hedge funds own 2.55% of the company’s stock.

Suzano Stock Down 0.2 %

NYSE SUZ opened at $10.00 on Tuesday. Suzano S.A. has a 12 month low of $8.78 and a 12 month high of $12.98. The company has a market capitalization of $13.24 billion, a P/E ratio of 7.14 and a beta of 0.99. The company’s 50 day simple moving average is $9.74 and its 200 day simple moving average is $10.31. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.48 and a quick ratio of 2.03.

Suzano (NYSE:SUZ) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.56) earnings per share for the quarter. Suzano had a return on equity of 0.98% and a net margin of 1.05%. The company had revenue of $2.21 billion during the quarter. Equities research analysts expect that Suzano S.A. will post 1.41 earnings per share for the current fiscal year.

About Suzano

Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.